Germany’s 2026 Growth Outlook Strengthens on Fiscal Spending 
Mexico-US Trade Talks Delayed to October as Tariff Negotiations Continue 
Trump, Xi Focus on Trade and AI at White House Summit 
Fed’s Hammack Says Bond Yield Surge Is Not Driven by Inflation Fears 
U.S. Dollar Hits Two-Month High as Oil, Treasury Yields Surge 
Asian Stocks Fall as Surging Bond Yields Rattle Markets 
Oil Prices Jump 3% as Houthi Attack Revives Supply Fears 
Japanese Bank Stocks Surge as Bond Yields Fuel Rate Hike Bets 
Fed Unveils Stablecoin Rules Under GENIUS Act 
Dollar Holds Near Two-Month High as Yen Approaches 160 
Australia Unemployment Hits Five-Year High Despite Strong Jobs Growth 
Canadian Dollar Faces Pressure as Fed-BoC Policy Gap Widens 
Wall Street Ends Flat as Oil, Treasury Yields and Fed Jitters Rattle Markets 
UK PM Burnham to Unveil Economic Vision at Labour Conference 
European Stocks Fall as Bond Yields and Geopolitical Risks Weigh 
US 10-Year Treasury Yield at 6% Emerges as New Market Risk Threshold 
Asian Currencies Mixed as Dollar Holds Near Two-Month High 
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Gold prices dipped slightly on Monday, pulling back from record highs as global risk sentiment improved following partial tariff exemptions from the U.S. However, safe haven demand remained strong amid ongoing U.S.-China trade tensions and recession concerns. Spot gold edged down 0.3% to $3,225.79 per ounce, while June gold futures slipped 0.1% to $3,240.87. Despite the pullback, spot prices stayed close to last week’s record high of $3,245.69.
Markets welcomed news that some electronic goods would be excluded from President Donald Trump’s aggressive 145% tariffs on Chinese imports, boosting Asian stocks and U.S. futures. Major importers like Apple (NASDAQ:AAPL) were seen benefiting. Still, Trump warned that electronics may soon face a 20% levy under separate measures, keeping investors cautious. China responded with 125% retaliatory tariffs and has begun seeking new trade partnerships, further escalating tensions.
Ongoing fears of disrupted supply chains and a potential U.S. recession—now priced at a 50% chance by traders—continue to support gold prices. A weaker dollar and falling Treasury yields also added to gold’s appeal as a hedge.
In metals trading, platinum futures rose 0.8% to $951.90/oz, while silver futures fell 0.3% to $31.827/oz. Copper on the London Metal Exchange held steady at $9,152.90 per ton.
Goldman Sachs (NYSE:GS) raised its 2025 gold price target to $3,700 per ounce, citing intensifying demand for safe haven assets amid economic uncertainty. The bank noted that in a severe scenario, gold could spike to $4,500 by year-end 2025, reinforcing bullion’s role as a recession hedge.
